About Devanahalli Tollway Private Limited
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Devanahalli Tollway Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Express Toll Roads Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 22 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U45203TG2010PTC067113. Its GSTIN is 29AADCN2001N1ZI (Karnataka). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.3 Cr. It was formerly known as Navayuga Devanahalli Tollway Private Limited and Essel Devanhalli Tollway Private Limited. It is led by directors including Anuj Maitrey and Ravindranath Karati.
Its last annual general meeting (AGM) was held on 30 April 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹357.58 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹157.65 Cr (net margin 44.1%) and EBITDA of ₹260.86 Cr (EBITDA margin 73%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 13% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,078.83 Cr and satisfied charges of ₹1,119 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it. The company has 9 deals on record (5 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹163.57 Cr; the latest was in June 2021. Its 9 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 5 larger and 4 smaller; the largest is Calicut Expressway Private Limited with revenue of ₹363.21 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2022, listing 62 overdue payments to 24 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esselgroup.com.
Company details
Name history
Devanahalli Tollway has undergone 3 name changes throughout its history. The company was previously known as Navayuga Devanahalli Tollway Private Limited, Essel Devanhalli Tollway Private Limited, and Devanahalli Tollway Private Limited. The current legal name is Devanahalli Tollway Private Limited.
| Company Name | Status |
|---|---|
| Devanahalli Tollway Private Limited | Current |
| Navayuga Devanahalli Tollway Private Limited | Previous |
| Essel Devanhalli Tollway Private Limited | Previous |
CIN history
Devanahalli Tollway has one previous CIN (Corporate Identification Number): U45203AP2010PTC067113. The current CIN is U45203TG2010PTC067113, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203TG2010PTC067113 | Current |
| U45203AP2010PTC067113 | Previous |
Contact details
Devanahalli Tollway Private Limited's registered office is in Hyderabad, Telangana. Its website is esselgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Gmr Aero Towers – 2, Mamidipally Village Rangareddy, Hyderabad, Telangana, India – 500108
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Devanahalli Tollway Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Devanahalli Tollway is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Devanahalli Tollway Private Limited, buy the company report.
Financials of Devanahalli Tollway Private Limited
FY 2025 filings availableDevanahalli Tollway Private Limited reported revenue of ₹357.58 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 10% growth in the latest year. EBITDA fell 8% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹260.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹157.65 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 73% | ||||
| Net Profit Margin | 44.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Devanahalli Tollway Private Limited, buy the company report.
Board of directors of Devanahalli Tollway Private Limited
Devanahalli Tollway has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anuj Maitrey | Additional Director | 05 Jun 2025 | 1 Years 5 Months | Current |
| Ravindranath Karati | Additional Director | 05 Jun 2025 | 1 Years 5 Months | Current |
| Shreedhar Narayan | Additional Director | 05 Jun 2025 | 1 Years 5 Months | Current |
| Gaurav Tyagi | Additional Director | 01 Dec 2025 | 0 Years 11 Months | Current |
Peer comparison
Devanahalli Tollway Private Limited is compared with the 9 companies closest to it by revenue in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Calicut Expressway Private Limited | ₹363.21 Cr (FY 2024) | -32.0% | Hyderabad, Telangana, India | |||
| GR Govindpur Rajura Highway Private Limited | ₹361.91 Cr (FY 2025) | 5.0% | Udaipur, Rajasthan, India | |||
| GKC Projects Limited | ₹360.17 Cr (FY 2024) | -2.0% | Hyderabad, Telangana, India | |||
| H.G. Karnal-Ringroad Private Limited | ₹359.47 Cr (FY 2025) | 65.0% | Jodhpur, Rajasthan, India | |||
| Igatpuri Highway Private Limited | ₹357.68 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Devanahalli Tollway Private Limitedthis company | ₹357.58 Cr (FY 2025) | ₹157.65 Cr | 44.1% | 10.0% | 19 | Hyderabad, Telangana, India |
| BG Bhadrak Baleshwar Highway Private Limited | ₹356.21 Cr (FY 2025) | 60.0% | New Delhi, Delhi, India | |||
| Ulccs Kasaragod Expressway Private Limited | ₹355.48 Cr (FY 2025) | -14.0% | Kozhikode, Kerala, India | |||
| Dhatarwal Construction Company Private Limited | ₹354.56 Cr (FY 2025) | -15.0% | Bhiwani, Haryana, India | |||
| Himalayan Infracorp Private Limited | ₹353.75 Cr (FY 2025) | 12.0% | Hansi, Haryana, India |
To see the full peer comparison of Devanahalli Tollway Private Limited, buy the company report.
Auditor
Devanahalli Tollway Private Limited is audited by Nangia & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nangia & Co. LLP | FY 2023 | 002391C/N500069 |
Shareholding
The shareholding of Devanahalli Tollway Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devanahalli Tollway Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2025 | 101209711 | Idbi Trusteeship Services Limited | ₹394 Cr | Open | |
| 12 Apr 2022 | 100568928 | Others | ₹534.83 Cr | Open | |
| 28 Sep 2015 | 10628407 | Idbi Trusteeship Services Limited | ₹150 Cr | Open | |
| 28 Sep 2015 | 10616617 | Idbi Trusteeship Services Limited | ₹459 Cr | Satisfied | |
| 12 Jan 2011 | 10262166 | Sbicap Trustee Company Limited | ₹660 Cr | Satisfied |
To see the full charge records of Devanahalli Tollway Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Devanahalli Tollway Private Limited has 9 deals on record (5 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹163.57 Cr; the latest was in June 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Express Toll Roads Limited & Smart Personnel Management Services Private Limited, Express Toll Roads Limited & Essel Highways Limited, Express Toll Roads Limited & Essel MSW Energia Limited Seller: Navayuga Road Projects Private Limited , Express Toll Roads Limited Beneficial Owner Essel Highways Limted |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Express Toll Roads Limited Beneficial Owner Essel Highways Limted Seller: Navayuga Engineering Company Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Navayuga Engineering Company Limited Seller: Navayuga Road Projects Private Limited |
| Mar 2013 | Funding round | ₹1.67 Cr | Investors: Navayuga Engineering Company Limited , Navayuga Road Projects Private Limited |
| Nov 2010 | Funding round | ₹126.9 Cr | Investors: Navayuga Road Projects Private Limited , Navayuga Engineering Company Limited |
To see the full deal history of Devanahalli Tollway Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Devanahalli Tollway Private Limited has 6 court cases on record: 3 filed by Devanahalli Tollway, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 0 |
Cases on record (3 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against The National Highways Authority of India & Anr. | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Devanahalli Tollway Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Devanahalli Tollway Private Limited has 7 MSME Form 1 returns on record between 2019 and 2022, listing 62 overdue payments to 24 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| V R Techniche Consultants Private Limited | |||
| BK Infrasys Private Limited | |||
| an individual supplier | |||
| Efkon India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Devanahalli Tollway Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Devanahalli Tollway Private Limited has a workforce of 19 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Devanahalli Tollway has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCN2001N1ZI | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devanahalli Tollway Private Limited, buy the company report.
Recent activity
Devanahalli Tollway Private Limited has 24 board changes on record since 2015: 4 appointments and 20 cessations. The latest: Gaurav Tyagi was appointed as Additional Director on 01 Dec 2025.
24 earlier events are in the company report.
Frequently asked questions
Devanahalli Tollway is an active private limited company based in Hyderabad, Telangana, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 22 February 2010 (16+ years old) and is registered under CIN U45203TG2010PTC067113.
Devanahalli Tollway has 4 current directors:
- Anuj Maitrey - Additional Director
- Ravindranath Karati - Additional Director
- Shreedhar Narayan - Additional Director
- Gaurav Tyagi - Additional Director
The latest financial statements of Devanahalli Tollway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 April 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Devanahalli Tollway is 29AADCN2001N1ZI, registered in Karnataka. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Devanahalli Tollway is U45203TG2010PTC067113. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devanahalli Tollway has 6 court cases on record: 3 filed by the company and 3 filed against it.
Devanahalli Tollway was incorporated on 22 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Hyderabad.
Devanahalli Tollway has 9 deals on record (5 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹163.57 Cr; the latest was in June 2021.
The peers of Devanahalli Tollway by revenue are Calicut Expressway Private Limited, GR Govindpur Rajura Highway Private Limited, GKC Projects Limited, H.G. Karnal-Ringroad Private Limited, Igatpuri Highway Private Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Gaurav Tyagi was appointed as Additional Director on 01 Dec 2025. Anuj Maitrey was appointed as Additional Director on 05 Jun 2025. Ravindranath Karati was appointed as Additional Director on 05 Jun 2025. Devanahalli Tollway has 24 board changes on record in total.
Devanahalli Tollway has 7 MSME Form 1 returns on record between 2019 and 2022, listing 62 overdue payments to 24 micro and small suppliers. The latest return was filed on 02 May 2022.
Devanahalli Tollway can be reached through the website esselgroup.com. Its registered office is in Hyderabad, Telangana, India.
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